Wyoming § 13-5-605 Minimum capital requirements; investment of
capital

Wyoming Statutes

§ 13-5-605 — Minimum capital requirements; investment of capital

Wyoming § 13-5-605

Title 13Banks, Banking and Finance

Ch. 5TRUST COMPANIES

Art. 6FAMILY TRUST COMPANIES

This text of Wyoming § 13-5-605 (Minimum capital requirements; investment of capital) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 13-5-605 (2026).

Text

The initial capital required to organize a chartered family
trust company shall be not less than five hundred thousand
dollars ($500,000.00). The full amount of the initial capital
must be paid in cash to the governing body of the chartered
family trust company, exclusive of all organization expenses,
before the chartered family trust company is authorized to
commence business as a chartered family trust company. Once
organized, a chartered family trust company shall maintain a
minimum level of capital required by the commissioner to operate
in a safe and sound manner based upon the commissioner’s
examination of the company, provided that the level of capital
in a chartered family trust company shall not be less than five
hundred thousand dollars ($500,000.00).

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The initial capital required to organize a chartered family
trust company shall be not less than five hundred thousand
dollars ($500,000.00). The full amount of the initial capital
must be paid in cash to the governing body of the chartered
family trust company, exclusive of all organization expenses,
before the chartered family trust company is authorized to
commence business as a chartered family trust company. Once
organized, a chartered family trust company shall maintain a
minimum level of capital required by the commissioner to operate
in a safe and sound manner based upon the commissioner’s
examination of the company, provided that the level of capital
in a chartered family trust company shall not be less than five
hundred thousand dollars ($500,000.00).